XRP finds itself at a pivotal juncture as regulatory authorities prepare to rule on several exchange-traded fund applications. Despite today’s 4.3% decline to $2.47, the digital asset could witness significant momentum shifts within the coming fortnight. Seven separate XRP ETF proposals await Securities and Exchange Commission determinations, creating substantial market anticipation.
Accelerated Timeline for Canary Funds Proposal
Investment firm Canary Funds has moved forward with its S-1 registration filing by eliminating the “delaying amendment” provision. This procedural adjustment means the application could automatically become effective and potentially launch as early as November 13, 2025, pending necessary exchange approvals.
Canary represents just one of seven financial institutions seeking authorization for XRP-focused exchange-traded products. All decisions are anticipated by mid-November. The regulatory landscape for XRP clarified considerably following August’s resolution of the Ripple-SEC litigation, which established legal parameters for retail XRP sales.
Institutional Accumulation Patterns Emerge
Blockchain metrics reveal a notable trend: XRP reserves on major exchanges are diminishing. Since October, holdings on platforms including Binance and Coinbase have decreased by approximately 3%, typically indicating long-term accumulation strategies by larger investors.
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Particularly significant is Evernorth Holdings’ substantial position buildup. The Ripple-supported venture has accumulated over 388.7 million XRP tokens valued at more than $1 billion. Concurrently, Ripple is developing an Ethereum-compatible sidechain to enhance the interoperability capabilities of the XRP Ledger.
November Set to Define XRP’s Near-Term Trajectory
While XRP experienced some selling pressure today with trading volume reaching $5.6 billion, the token maintains a 2.7% weekly gain. The current consolidation around $2.40 may represent a calm before potential volatility.
Market analysts suggest that ETF approvals could trigger upward momentum toward $3.50 or beyond, with institutional capital inflows potentially igniting a fresh rally. The forthcoming weeks will prove decisive in determining whether XRP achieves a decisive breakout or continues its sideways trading pattern.
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